​Germany's failed attempts to get its gold back from the US 'opens question of its sovereignty'

There is neither real criticism from German politicians, nor any visible efforts to return German gold held in the US, so it seems that US controls Germany, economic analyst Michael Mross told RT.

In one of its recent
reports Bloomberg claimed that Germany
decided not to repatriate its gold reserves from the US, instead
the Bundesbank issued an official statement that underscores it’s
"trust" in its American partners. According to Bloomberg, Germany
gave up after repatriating just 5 tons of gold, though earlier it
was told that it would get all the German gold back by
2020.

Michael Mross: These German efforts to get back
gold reserves are not really there. They are talking about it but
it is only a simple and ridiculous theatre in my opinion. I
cannot see any effort to do it. What we have is lack to
re-transport or take back, 300 tons before 2020, but also this is
ridiculous – last year they took back only 37 tons. At the end of
the day, it is to make the public calm, but it is not really an
effort to take back the gold.

RT:Shifting so much gold in the time-frame
they've given themselves sounds like a logistical nightmare. How
are they going to manage it?

MM: 300 tons by 2020 is really nothing, and as a
matter of fact only 37 tons have been transported so far back
from the US. In my opinion, the gold will stay there as
propaganda like actions are underway to tell the German public
that the German gold in New York is safe. But of course the
contrary is true.

RT:Do you buy any of the conspiracy
theories that the gold is missing?

MM: This is not a conspiracy theory. If it is
there you can take it back. Why don’t they give it back to us? In
my opinion, it seems that they like to control us, even blackmail
us. If you have gold, you tell me what to do. It opens many
questions when it comes to the real sovereignty of Germany. Also
it comes to all the scandals which we had, for example, these NSA
surveillance things in Germany. We do not hear real actual
critique from German politicians, and also when it comes to the
German gold at the moment everything is calm and everything will
stay where it is. But I have a solution. They can keep it, they
can keep our gold. It’s worth about 100 billion dollars at the
moment or even euro, and so they can send us the money, then we
can buy back the gold on the market during 1-2 years. But even
this does not happen. In my opinion they keep the gold because we
are condemned to be calm and must not have any questions and any
demands in order to take it back.

RT:Here's a recent quote from Merkel's
party's spokesperson: "The Americans are taking good care of our
gold. Objectively, there’s absolutely no reason for mistrust."
This has led some to speculate that Germany's had a change of
heart and wants its gold to stay put. What do you make of
that?

MM: This was a report from Bloomberg and it was
a wrong report. It did not reflect the truth. It is very
interesting that Bloomberg is publishing such a thing. Bloomberg
got this thing deliberately wrong to con the German public. There
are many quotations of people, for example, we have here in
Germany the action [initiative] “Take our gold back home”, and at
Bloomberg he was quoted as “Ok, we are calm, we don’t want it
back”. This was absolutely not true. And these politicians which
were quoted in this report, they have absolutely no competence
about our gold. When it comes to German gold only the Bundesbank
has something to say, but they were not mentioned in this
article.

The statements, views and opinions expressed in this column are solely those of the author and do not necessarily represent those of RT.